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New Sportsbook Bonus

New Sportsbook Bonus

THE NEW MONTHLY SPORTSBOOK BONUS  

With the new monthly sportsbook bonus, you can now earn up to 40% of your monthly sportsbook profit. 

 

The new formula is as follows: 

  • Monthly Bonus = x% of Gross Profit – Total Sportsbook Commission 
  • X is determined by the Average Number of Selections for the month under review, will range from 5% to 40% as per the below table 
  • Gross Profit = Stakes - Winnings 

 

Bonus % Breakdown 

Groups 

Average Selection 

%x Gross Profit 

Group 1 

1 – 3.00 

5% 

Group 2 

3.01 – 6.00 

30% 

Group 3 

6.01 – 8.00 

35% 

Group 4 

8.01 and above 

40% 

 

What is the average selection? 

  • The average number of selections is based on the below: 

Average Number of Selections = Total Weighted Stake/Total Stake where weighted stake is stake x number of selections. 

Example: 

 

Each row represents a ticket placed in a shop with the stake value and number of selection son the ticket. 

 

S/N 

Stake(N) 

No of Selections 

(No of Bet grouping) 

Weighted Stake 

(Stake x No of Selections) 

 

 

 

 

1  

10,000  

1  

10,000  

2  

50,000  

5  

250,000  

3  

50,000  

2  

100,000  

4  

20,000  

20  

400,000  

5  

10,000  

20  

200,000  

6  

10,000  

30  

300,000  

Total 

150,000 

 

1,260,000 

 

 

Total Stake: 150,000 

Total Weighted Stake: 1,260,000 

Average Number of Selections:1,260,000/150,000 = 8.4 

 

The average number selection falls within group 4 based on the breakdown table, so 

  • Monthly Sportsbook Bonus = 40% of Gross Profit – Total Sportsbook Commission 

 

Points to Note 

  1. The new monthly sportsbook bonus calculation will be applicable to bets settled from the 30th of August 2021.  
  2. The monthly sportsbook bonus will no longer be calculated using a flat 25%. 
  3. The monthly sportsbook bonus is only applicable to the sportsbook product 
  4. The monthly sportsbook bonus is applicable to sportsbook bets placed from cashier and subaccounts only 
  5. The monthly sportsbook bonus will continue to run based on the existing monthly bonus cycle. 
  6. Only settled bets sportsbook bets within the month under review will be factored into the calculation 
  7. The minimum stake value per month for qualification remains N150,000. What this means is that the bonus will not be calculated if the sportsbook sales value is less than N150,000 for the month under review. 
  8. You will be able to track and check the bonus calculation on the agent bonus dashboard.